Development of Queensland gas tenement acreage put on hold
Published by Nicholas Woodroof,
The oil and gas sector has been significantly impacted by logistical disruptions caused by the Covid-19 pandemic, as well as significant disruptions to the global oil and domestic gas markets.
“IPL and CTP remain committed to the domestic gas project and look forward to restarting activities on the planned three-well production pilot as soon as possible”, said Jeanne Johns, IPL Managing Director & CEO.
IPL’s gas supply agreement with CTP, for the supply of natural gas to IPL’s Gibson Island site in Queensland ended in December 2019. Gas supply from Australia Pacific LNG will meet the plant’s needs from 1 April 2020 through to 31 December 2022.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27032020/development-of-queensland-gas-tenement-acreage-put-on-hold/
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